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Shares of Adani Group rose today, know what is the reason

Shares of Adani Group rose today, noting that the company is to raise this fund through Adani Enterprise Qualified Institutional Placement (QIP) and other means.
1 Month ago

Adani Group Stocks: Big news is coming out about Adani Enterprises. Adani Group's flagship company Rs. 16,600 crore has been permitted to be raised. Adani Enterprises will raise these funds through Qualified Institutional Placement (QIP) and other means. Due to this news, all the shares of Adani Group have registered a jump today.

Big news is coming out about Adani Enterprises. Adani Group's flagship company Rs. 16,600 crore has been permitted to be raised. Adani Enterprises will raise these funds through Qualified Institutional Placement (QIP) and other means. This approval has been received today.

What did the company tell the stock market?

The company said in a filing to stock exchanges that the board meeting held on May 28 has approved raising Rs 16,600 crore through equity shares or other eligible securities etc. A company can raise this money by making one or more attempts.

How is the performance of Adani Group in the stock market?

Shares of the company opened at Rs 3313.90 today. But after some time it reached the level of Rs 3328.80. The company's Rs. Very close to 52 week high of 3456.25. The share price of the company has seen an increase of over 47 percent in the last 6 months. At the same time, this stock has returned 28 percent in 1 year. Let us tell you that the share price of Adani Enterprises has increased by 15 percent in 2024.

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